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Mattr Corp. Declaration of Voting Results & Voting Rights Announcements 2020

May 14, 2020

42959_rns_2020-05-14_16c13b8f-4b2e-49b3-9bb4-1c74d543d4a0.pdf

Declaration of Voting Results & Voting Rights Announcements

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Annual Meeting of Shareholders of SHAWCOR LTD. May 13, 2020 REPORT OF VOTING RESULTS

National Instrument 51-102 Continuous Disclosure Obligations Section 11.3

The following matters were voted upon at the Annual Meeting of Shareholders of Shawcor Ltd. (the "Corporation") held on May 13, 2020. Each of the matters set out below is described in greater detail in the Corporation's Notice of Meeting and Management Proxy Circular dated March 15, 2020.

1.) Each of the eight director nominees proposed by the Corporation was elected, with the following percentages of total votes as follows:

Name of Nominee % of Votes For % of Votes Withheld
Lisa J. Bahash 99.84 0.16
Derek S. Blackwood 99.74 0.26
Laura A. Cillis 99.84 0.16
Kevin J. Forbes 99.80 0.20
Michael S. Hanley 99.80 0.20
Robert Mionis 99.78 0.22
Stephen M. Orr 99.77 0.23
Pamela S. Pierce 99.81 0.19

2.) Ernst & Young LLP, Chartered Accountants was appointed as auditor of the Corporation and the directors were authorized to fix the auditor's remuneration, with 99.39% of the total votes cast by proxy "For" and 0.61% "Withheld".

3.) The approval of the advisory resolution with respect to the Company's approach to executive compensation was approved with 97.21% of the total votes cast "For" and 2.79% "Against".

Date: May 14, 2020

SHAWCOR LTD.

/s/ Darrell R. Ewert Darrell R. Ewert Corporate Secretary